Supply & Demand in Gainesville, GA

Absorption Report

The absorption rate is essentially the total number of months that it would take to sell all of the current listings in a particular market. These ratings are in a constant state of fluctuation, based on supply and demand, and usually involve all homes sold within the previous six-month period. A lower absorption rate means that the property will likely take a bit longer to sell, and conversely, a higher number indicates that the property is likely to sell much faster. Both buyers and sellers can use this data to help predict sales activity and home prices for the property in question. For example, if a homeowner lives in a market with an absorption rate of 5-months and is also anxious to sell due to a job transfer, then it might be in his or her best interest to be more aggressive in the listing price.

Seller's
Market
Balanced
Market
Buyer's
Market
< 5 months Inventory 5 months Inventory > 5 months Inventory

Houses 24% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
51k-75k 1 0.2 0
76k-100k 1 0.2 0
101k-125k 4 0.7 0
126k-150k 2 3 1 0.3 4
151k-175k 3 1 0.5 0
176k-200k 1 0.2 0
201k-225k 1 8 2 1.3 0.8
226k-250k 3 14 0.8 1.3
251k-275k 5 12 2 0.4 2.5
276k-300k 20 23 5 0.2 5.2
301k-325k 14 34 6 0.4 2.5
326k-350k 26 38 13 0.2 4.1
351k-375k 17 51 12 0.5 2
376k-400k 22 50 8 0.4 2.6
401k-425k 16 19 3 0.2 5.1
426k-450k 24 25 8 0.2 5.8
451k-475k 18 25 7 0.2 4.3
476k-500k 22 26 4 0.2 5.1
501k-550k 25 39 6 0.3 3.8
551k-600k 20 26 4 0.2 4.6
601k-650k 25 27 6 0.2 5.6
651k-700k 13 13 1 0.2 6
701k-750k 17 16 2 0.2 6.4
751k-800k 12 6 0.1 12
801k-850k 6 10 3 0.3 3.6
851k-900k 14 5 4 0.1 16.8
901k-950k 4 5 1 0.2 4.8
951k-1m 11 4 1 0.1 16.5
1m-1.1m 11 8 3 0.1 8.3
1.1m-1.2m 12 3 1 0 24
1.2m-1.3m 8 6 0.1 8
1.3m-1.4m 6 1 1 0 36
1.4m-1.5m 7 2 0 21
1.5m-1.6m 2 1 1 0.1 12
1.6m-1.7m 10 0
1.7m-1.8m 2 2 0.2 6
1.8m-1.9m 5 0
1.9m-2m 6 1 0 36
2m-2.25m 3 2 0.1 9
2.25m-2.5m 6 3 0.1 12
2.5m-2.75m 1 0.2 0
2.75m-3m 3 1 0.1 18
3m-3.5m 4 0
3.5m-4m 2 0
8.01m-9m 1 0

Townhouses 27% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
-24,000-0 1 0.2 0
226k-250k 1 1 0.2 6
251k-275k 1 0.2 0
276k-300k 1 0.2 0
301k-325k 5 4 1 0.1 7.5
326k-350k 7 5 1 0.1 8.4
351k-375k 13 2 1 0 39
376k-400k 7 9 0.2 4.7
401k-425k 2 0
476k-500k 1 1 0.2 6
501k-550k 2 1 0.1 12

Condos 0% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
151k-175k 1 0.2 0
176k-200k 1 1 0.2 6
201k-225k 3 1 0.1 18
226k-250k 3 1 0.1 18
251k-275k 2 0.3 0
276k-300k 2 2 0.2 6
301k-325k 1 0
751k-800k 1 0

Land 13% of available homes are currently under contract

List Price Available # of Homes Available Sold Last 6 Months Sold in Last 6 Months Under Contract
Last 30 days
Sold in Last 6 Months
Absorption Rate Absorption Rate Months of Inventory Months of Inventory
1k-25k 3 2 0.1 9
26k-50k 11 7 1 0.1 9.4
51k-75k 7 8 2 0.2 5.3
76k-100k 12 8 3 0.1 9
101k-125k 13 3 0 26
126k-150k 11 8 1 0.1 8.3
151k-175k 8 4 1 0.1 12
176k-200k 3 1 1 0.1 18
201k-225k 7 1 0 42
226k-250k 6 1 0 36
251k-275k 2 1 1 0.1 12
276k-300k 4 0
301k-325k 4 0
326k-350k 1 1 0.2 6
351k-375k 1 1 0.2 6
376k-400k 4 1 0 24
426k-450k 2 1 0.1 12
451k-475k 2 1 1 0.1 12
476k-500k 2 1 0.1 12
501k-550k 5 2 0.1 15
551k-600k 1 0.2 0
601k-650k 1 1 0.2 6
651k-700k 4 0
701k-750k 1 0
751k-800k 1 0
801k-850k 1 0
851k-900k 1 0.2 0
901k-950k 3 1 1 0.1 18
951k-1m 1 0
1m-1.1m 1 1 1 0.2 6
1.1m-1.2m 1 0.2 0
1.2m-1.3m 1 0
1.3m-1.4m 1 1 1 0.2 6
1.4m-1.5m 3 0
3m-3.5m 2 0
5.01m-6m 2 0
6.01m-7m 2 0